President Trump has selected Kevin Warsh to be chairman of the Board of Governors of the Federal Reserve.

In this role, Warsh would lead US monetary policy, overseeing interest rates, inflation targets, financial stability, and the operations of the Fed. He would serve as the Fed’s public face, represent the US in international financial forums, and guide the nation’s economic strategy.

Warsh, currently a Distinguished Visiting Fellow at Stanford’s Hoover Institution and partner at Duquesne Family Office LLC, previously served as the youngest Fed Governor in history when he joined the Board at age 35 in 2006.

“I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best,” Trump said via his Truth Social account.

During his tenure on the Board from 2006 to 2011, Warsh served as the Federal Reserve’s Representative to the G-20 and as the Board’s Emissary to Emerging and Advanced Economies in Asia. He also served as Administrative Governor, overseeing Board operations and financial performance.

Before joining the Fed, he served as Special Assistant to the President for Economic Policy and Executive Secretary of the White House National Economic Council from 2002 to 2006. He earlier worked in Morgan Stanley’s Mergers & Acquisitions Department as Vice President and Executive Director.

Following the administration’s nomination, Warsh must undergo Senate review and approval before being sworn in and assuming his duties.

This is a developing story.